Charts of the Day Video by Harry Boxerhttps://www.thetechtrader.com/chartsoftheday/
Harry's Charts of the Day video presentation.en-usThu, 30 Jul 2015 23:06:19 -0400Thu, 30 Jul 2015 23:06:19 -0400info@thetechtrader.com (Harry Boxer)https://www.thetechtrader.com/images/harrypic.jpg110137Charts of the Day Video by Harry Boxerhttps://www.thetechtrader.com/chartsoftheday/
BLDR, CARA, ETSY, MBLY
The stock market had a good day and a lot of our stocks did well. There’s some old ones and some new ones that we’re going to take a look at here that are on the long side.

Builders FirstSource, Inc. (BLDR) is looking good. Back in April when it merged with a big competitor, this stock exploded, and then went sideways for four months. It appears to have woken in the last two days. On Wednesday, the volume came in and it surged a bit. On Thursday, it popped 95 cents to 14.75, or 7%, on 3.8 million shares, and it’s broken out. Looking back at its multi-year highs going way back, its weekly chart is headed, perhaps, for a test at the top of the channel around 15.85. If it blows through that, and starts to ramp up, or even if the channel expands, it could very well see 18 or 19.

Cara Therapeutics Inc. (CARA) had an interesting day on Thursday. After the big explosive move, and a falling wedge, the volume really ramped up, almost 1000% more than average. So that was very, very big, exceptional volume for this stock. It jumped 20 cents to 19.50, or 1%, on 3.2 million shares. It has 2.68 days to cover. Look for a retest of 21.60-.70. If it gets through that, look for it to head up towards 24-25.

Etsy, Inc. (ETSY) is doing well and the swing trade is working out. On Thursday, it had a nice pop out of a wedge across multiple-sessional highs, up 2.22 to 21.20, or 11.7%, on 2.3 million shares. With 7.4-5 days to cover, it may retest recent spike-highs at 23-4-5, or so, and may even test the 25 1/2 area. The targets are 23 1/2 and 25 1/2.

Mobileye N.V. (MBLY) is really looking great. After reaching the top of the channel and reversing, it came down to the moving averages, held, and is moving back up. It was up 63 cents to 60.07, or 1%, on 2.6 million shares on Thursday. If this stock extends, and retest recent highs, it may move up towards the high 60’s. Target is around 67.

]]>
https://www.thetechtrader.com/chartsoftheday/BLDR-CARA-ETSY-MBLY-201507305078.html
Thu, 30 Jul 2015 23:06:19 -0400https://www.thetechtrader.com/chartsoftheday/BLDR-CARA-ETSY-MBLY-201507305078.htmlBLDR, CARA, ETSY, MBLYNASDAQ:BLDRNASDAQ:CARANASDAQ:ETSYNASDAQ:MBLYDVAX, NHTC, WOOF, YRCW
It was another good day on Wall Street, a nice follow-through day, and the markets closed pretty well on top of everything else, so we’ll see if there’s more upside. For now, let’s go over some of the stocks we traded today and a couple new ones that came up.

Dynavax Technologies Corporation (DVAX) is a beautiful chart and really nicely moving after consolidating. It popped 82 cents to 29.65, or 2.8%, on nearly a million shares on Wednesday. That’s the best volume in five days. The beauty of this pattern is that after the base broke, and it ran up to resistance, it pulled back a couple times to test the 26.70 range, or thereabouts, and moved up to over 30 on Wednesday at 30.39. The target is 34-34 1/2 going forward.

Natural Health Trends Corp. (NHTC) has been a star all year, going from under a dollar in the early part of this year, all the way up to the mid 40’s. Recently, it triple-topped near 44-45, and came down hard, formed a break away gap, and reversed on Wednesday, up 9.66 to 34.39, or 39%, on 1.9 million shares. That's the biggest volume on an up-day since we’ve been tracking this stock and a huge day for this stock. There’s some resistance, so we’ll have to watch to see if it will get up through the 36 range. If it does, the next target is 39 1/2, followed by, eventually, the mid 40’s if it gets a follow-through.

VCA Inc. (WOOF) had a big earnings report and blew through resistance on Wednesday, up 5.88 to 60.10, or 11%, on 1.9 million shares, which is strong volume for this stock. It reached a new, all-time high at 61.36. Look for it to move to 65-66 short-term.

YRC Worldwide Inc. (YRCW) had a huge move on Wednesday, up 1.98 to 15.06, or 15%, on 2 million shares. With 5.3 days to cover, and a move up to resistance, I’d be carefully watching to see if this stock follows through. It did back off through two moving averages and declining topsline on Wednesday. But keep an eye on it. Secondary resistance and target is 17.55, and then 19.90.

]]>
https://www.thetechtrader.com/chartsoftheday/DVAX-NHTC-WOOF-YRCW-201507295076.html
Wed, 29 Jul 2015 22:14:53 -0400https://www.thetechtrader.com/chartsoftheday/DVAX-NHTC-WOOF-YRCW-201507295076.htmlDVAX, NHTC, WOOF, YRCWNASDAQ:DVAXNASDAQ:NHTCNASDAQ:WOOFNASDAQ:YRCWAMGN, FIT, FLML, NVAX
It was turn-around Tuesday on Wall Street. A lot of the stocks we follow and/or traded the last few sessions did well on Tuesday. Let’s take a look at a few new ones as well.

Amgen Inc. (AMGN) had a fantastic day on Tuesday, up 7.20 to 172.74, or 4%, on 8.5 million shares. It has been in a very long consolidation. Since Dec it has made five attempts at getting through the highs at 174.00. If it is able to get through 174.00, and Tuesday’s high was 174.80, a nominal new high, it may very well extend. It could quite possibly take AMGN up near the 200-210 zone. That’s the next target for swing trade on AMGN.

Fitbit Inc. (FIT), a recent IPO, was up 1.54 to 45.47, or 3.5%, on 3.7 million shares on Tuesday. Initially, this stock did very well, and ran up sharply to the top of the channel, and then pulled back. After a 3-wave, corrective pullback, it tested support, and bounced nicely. It ran up above the moving averages on the 50-minute chart and looked like it was going to have a blowout move, and it still may. Once it hits 47.00, it could be off to the races. The next target is 55.

Flamel Technologies SA (FLML), a stock that we’ve been following for a while, and formerly a swing trade of ours, was up 1.13 to 25.69, or 4.6%, on average volume, on Tuesday. It’s looking very good, has a nice rising channel, moved across major resistance, flagged, and extended. Look for it to eventually get to as high as 36. The short-term target is 28.

Novavax, Inc. (NVAX), a swing trade of ours, is acting well, up 57 cents to 12.20, or 5%, on 3.3 million shares on Tuesday, and is on the border of a breakout. It had a breakout in June, ran up, flagged, ran up again, flagged, pulled back, and in the last couple days it’s been a little bit more difficult, but a lot of biotech’s were, and on Tuesday, it had a nice snapback off an internal trendline. If that is the case, look for this to make it up to 14, and then 16 1/2.

]]>
https://www.thetechtrader.com/chartsoftheday/AMGN-FIT-FLML-NVAX-201507285074.html
Tue, 28 Jul 2015 00:00:00 -0400https://www.thetechtrader.com/chartsoftheday/AMGN-FIT-FLML-NVAX-201507285074.htmlAMGN, FIT, FLML, NVAXNASDAQ:AMGNNYSE:FITNASDAQ:FLMLNASDAQ:NVAXANTH, IG, POZN, SRNE
It was a difficult day on Wall Street on Monday, to say the least, and indicies closed at the lower end of the range. A lot of stocks we traded on Monday did well. Let’s take a look at some patterns of stocks that appear to be holding well and/or emerging. We’ll be looking at some stocks on the long and short side here.

Anthera Pharmaceuticals, Inc. (ANTH) ran up for a couple weeks, and then backed off on Friday. On Monday, it had a nice reversal off the low of the 10.16 zone, and closed a point off that level, up 34 cents to 11.15, or 3%, on 1.6 million shares. Even though the volume wasn’t strong it was selling. Keep an eye on the 11.65 level. If it gets through that, it could run up to 13 1/2-14 zone.

IGI Laboratories, Inc. (IG), after Friday’s big pop, had another upside day on Monday, up 40 cents to 8.47, or 5 %, on nearly a million shares. Look for it to test the 9 1/2, and then the 11 areas. Those are the targets.

POZEN Inc. (POZN), after the pullback and pop, it stalled for a couple days flagging, and on Monday, it popped another 47 cents to 12.02, or 4%, on nearly a million shares. The volume is picking up and moving across this level potentially. There’s resistance at 12.70, but if it can get through there, the target is 14 1/2-3/4.

Sorrento Therapeutics, Inc. (SRNE) had a reversal day on Monday, up 19 cents to 23.70. on 1.2 million shares. It went all the way down to 21.69, we put a buy on it at 21.90-22.00, and it closed at 23.70, so that was a nice move. It managed to close in the green after being down sharply. That’s a good sign it wants to go higher. There’s resistance at 24.90, and then the high at 26.80. The short-term target is 26.80-27.00.

]]>
https://www.thetechtrader.com/chartsoftheday/ANTH-IG-POZN-SRNE-201507275072.html
Mon, 27 Jul 2015 22:45:54 -0400https://www.thetechtrader.com/chartsoftheday/ANTH-IG-POZN-SRNE-201507275072.htmlANTH, IG, POZN, SRNENASDAQ:ANTHNYSE:IGNASDAQ:POZNNASDAQ:SRNEASPS, FCSC, CTCT, NSC
It was another ugly day on Wall Street on Thursday, but a great day for trading for TheTechTrader.com. We had a lot of nice winners. We’ll take a look at a few of those, some of the better looking stocks we follow, and a few of the Boxer Shorts that did well, too.

Altisource Portfolio Solutions (ASPS) had a nice day for trading, up 8.60 to 39.54, or 28%, on nearly 2 million shares. It opened at 35.84, blasted to 41.23, pulled back to 35.20, and closed at 39.54. It was a great day for this stock, and a nice breakout across key resistance. At this point, it would not be surprising to see this one get to 45-6.

Fibrocell Science, Inc. (FCSC) was up 19 cents to 6.72 on Thursday. It has been moving nicely and popped from the low 2’s to high 6’s just in the last several months. The more important move is when it broke out above the spike high and then pulled back and retested it. Since then, this stock has been in a nice, parallel rising channel, with a top potentially up around the 8 1/2 range. If it can get up through the current level around 7, then it should see 8 1/2.

Stocks o the Short Side....

Constant Contact, Inc. (CTCT) formed a wedge that looks like it's breaking down as it gave back 1.25 to 29.53, or 4% on Thursday. It has had four legs down, so this may be the fifth one down. Keep an eye on CTCT to see if it can break support at 26.

Norfolk Southern Corporation (NSC) is another railroad company that is one of many in this sector that is not doing so well. On Thursday, it was down another 1.89 to 83.48, or 2%, on nearly 2 million shares. It recently formed a beautiful bear wedge when 93 broke, and now it’s 10 points lower at 83, with a target at 80, and then 74.

]]>
https://www.thetechtrader.com/chartsoftheday/ASPS-FCSC-CTCT-NSC-201507235070.html
Thu, 23 Jul 2015 00:18:48 -0400https://www.thetechtrader.com/chartsoftheday/ASPS-FCSC-CTCT-NSC-201507235070.htmlASPS, FCSC, CTCT, NSCNASDAQ:ASPSNASDAQ:FCSCNASDAQ:CTCTNYSE:NSCJUNO, NUAN, SLTD, XON
It wasn’t a pretty day on Wall Street, but a lot of our stocks did well, and I’m very pleased with some of the stocks that are moving. Let’s take a look at some of the stocks on our board that are acting well or that we are following through or trading.

Juno Therapeutics Inc. (JUNO) was put out as a swing trade on Wednesday. Just a gut feeling that if the market gets going, and the biotech’s are starting to firm again, this stock will do well. It came across and jumped 1.67 to 51.77, on 1.8 million shares and needs to break through. If it does, it will get a quick test of the mid 50’s, and then a test of the spike highs at 59 1/2.

Nuance Communications, Inc. (NUAN) did well on Wednesday as it snapped back before gapping. It closed up 1.01 to 18.00, or 6.5%, on a solid 5.7 million shares. However, resistance up in the 18.30 area broke and could lead to something just under 20. Then we’ll see if there’s any further upside. Resistance from the June 2014 was up around the 19 1/2 area. This is the immediate target. Then we’re looking for something at 23.

Solar3D, Inc. (SLTD) had the biggest day in its history on Wednesday, up 70 cents to 1.77, or 22.8%, or almost 6.2 million shares. It broke through the declining topsline, went through three moving averages, backed off a bit, and closed above the resistance zone. I want to see some consolidation here that sets it up for the next move at about 4 3/4, 5 1/2, and then 8 potentially. That depends on follow-through and the kind of volume it gets.

Intrexon Corporation (XON) has been in a nice little consolidation for three days, and on Wednesday it popped 2.12 to 58.89, or 4%, on 1.3 million shares. Volume needs to be a little better, but it looks like it’s going to run up to the mid-channel line at 65-6, and ultimately there may be a big move in store for this one,

]]>
https://www.thetechtrader.com/chartsoftheday/JUNO-NUAN-SLTD-XON-201507225068.html
Wed, 22 Jul 2015 00:00:00 -0400https://www.thetechtrader.com/chartsoftheday/JUNO-NUAN-SLTD-XON-201507225068.htmlJUNO, NUAN, SLTD, XONNASDAQ:JUNONASDAQ:NUANNASDAQ:SLTDNYSE:XON
We are going to take a look at longs and shorts here. This is a very, very weak market, the Futures are down sharply, and we’re not even oversold. We may have some dire straits ahead of us. We’ll have to keep tabs on what’s going on. There were a lot of outstanding stocks on the long side so let’s take a look at some of them.
]]>
https://www.thetechtrader.com/chartsoftheday/no-headline-201507215066.html
Tue, 21 Jul 2015 00:00:00 -0400https://www.thetechtrader.com/chartsoftheday/no-headline-201507215066.htmlEXEL, GPRO, DDD, EMES
It was a really nasty looking day for the stock market on Monday. Everything looked negative. Advance-declines were negative on both exchanges and the up/down volume was 2 to 1 negative on one and 3 to 1 negative on the other. Some of the large-cap Nasdaq stocks did well, but it appears to mask a much bigger market, so everyone needs to be careful here. For now, let’s take a look at both longs and shorts here.

Exelixis, Inc. (EXEL), on drug news on Monday, exploded 1.97 to 5.88, or 50%, on 74.6 million shares. It gapped up and closed at the high end of the range. Look for more upside on this one. The target is 7-7 1/4, however, there is potentially some resistance around the 6 1/4 area. If it can punch through that on Tuesday, the targets are 7 1/4 and 8 3/4.

GoPro, Inc. (GPRO) had another good day. It popped 4.16 to 60.80, or 7 3/4%, on 14.7 million shares. That’s the biggest volume on an up day in several weeks. The level to watch is 61.19. Monday’s high was 61.20. If it gets through here, look for it to run up towards 68-9. Let’s see what happens with this stock over the new couple days.

Stocks on the Short Side….

3D Systems Corporation (DDD) has not done well for quite some time, down another 1.32 to 14.47, or 8%, on 5.9 million shares. on Monday. In 2014, DDD reached 97.00, and now it’s all the way down to 14.00. When it was trading in the 50’s, the potential target was 17.00. Look at it now! There’s no bottom in sight. The next potential-support level is all the way down at high single digits. Something terrible is going on with this stock, or a takeover may ensue.

Emerge Energy Services LP (EMES) is another stock that is unbelievable, down 1.35 to 23.71, or 5.39%, on 432,770 shares traded. It wedged several times on its way down, flagged and keeps going down. It went from 140, and change, to 23, and there’s no bottom in sight. The target is 18-9.

]]>
https://www.thetechtrader.com/chartsoftheday/EXEL-GPRO-DDD-EMES-201507205065.html
Mon, 20 Jul 2015 23:59:36 -0400https://www.thetechtrader.com/chartsoftheday/EXEL-GPRO-DDD-EMES-201507205065.htmlEXEL, GPRO, DDD, EMESNASDAQ:EXELNASDAQ:GPRONYSE:DDDNASDAQ:EMESEROS, FOLD, TASR, VLTC
It was another great day in the market. The market is so set for the upside, and the momentum is so strong, but it can reverse at any time. So be careful, especially going into the weekend. Let’s look at some stocks that did well on Thursday.

Eros International Plc (EROS) is an intermediate company similar to NFLX. It had a large run-up, taking it from 16 to 31, and change, just in the last couple months, and on Thursday it was up 2.32 to 31.08, or 8%, on 722,400 shares. It is extended and near the top of the channel, and if the momentum carries it forward it may reach 33, 35.

Amicus Therapeutics, Inc. (FOLD), a swing trade of ours, is doing very good. It popped, it flagged for about four weeks, and now it’s moving steadily higher, up 1.00 to 16.23, on 2.5 million shares on Thursday. In the last several sessions this stocked jumped from 13 1/2 up to 16.34, and looks like an 18, 21-dollar stock going forward.

TASER International Inc. (TASR) had a big day on Thursday, up 1.41 to 34.37, or 4.2%, on 2.8 million shares. That’s the best volume in two and a half weeks. The way it looks, it’s going to test the double-top around 35.80. If it gets through that the midchannel target is 40, followed by 45-46. This stock is going to look much better longer term.

Voltari Corporation (VLTC) had a huge move on Thursday, up 2.23 to 8.00, or 39%, on 16 million shares. It popped, had a 2-day pullback. it pulled back to the 50-day, and jumped through the 50-day, but when it got up to the recent high in June at 78-79, reaching a little above that on Thursday at 9.00, and then backed off. That’s huge volume. We may be looking at a turn-around on this one with a multi-month falling wedge. Resistance beyond that level could get this stock somewhere between 10 3/4 to as high as 12-12 1/2. Be sure to watch this one the next couple days.

]]>
https://www.thetechtrader.com/chartsoftheday/EROS-FOLD-TASR-VLTC-201507165062.html
Thu, 16 Jul 2015 00:00:00 -0400https://www.thetechtrader.com/chartsoftheday/EROS-FOLD-TASR-VLTC-201507165062.htmlEROS, FOLD, TASR, VLTCNASDAQ:EROSNASDAQ:FOLDNASDAQ:TASRNASDAQ:VLTCFOLD, MDXG, POWR, SRNE
It was a pretty good day on Wall Street on Tuesday. Only in the last hour did they pull back a little bit on profit taking. Lot of stocks acted very well, so it’s a long list of stocks on the chart, but we will do our usual four highlights here.

Amicus Therapeutics, Inc. (FOLD), one of our swing trades, is acting great. It had another follow-through day on Tuesday, up 37 cents to 15.07, or 2.5%, on 2 million shares. Once it accelerates expect it to get up to 16, then 18 1/2, and maybe a lot more than that. Mid-channel is 22 and the top of the channel is at 26-7. But we're not there yet.

MiMedx Group, Inc. (MDXG) has been just great, especially long term. It was up 64 cents to 12.75, or 5.2%, on 4.4 million shares on Tuesday. Look for a consolidation and a retest of 12-12 1/4. If it gets through that, maybe we will be able to set the target at 16.

PowerSecure International, Inc. (POWR) was up 37 cents to 16.09, or 2.35%, on 263,500. It broke out, pulled back, we put a swing on it, and it had another good day on Tuesday, holding support at 15-15.75, and resistance around 17. If it gets through that, look for 18 3/4.

Sorrento Therapeutics, Inc. (SRNE) is looking good, up 17 cents to 18.47, or 1%, on 700,000 shares on an inside positive day on Tuesday. The double-top around 18.65 is the first target. If it gets through that, look for 20 1/2-3/4, and then 24-25.